1. Using the financial ratio analysis and other pertinent data you were able to collect from Sasa and Shiseido. Write a brief summary of your evaluation of their performance and the prospects for investing in Asian cosmetics companies. Pay attention to the following details in particular: Profitability: How profitable is Sasa? How does Sasa compare with Shiseido? What additional factors must be considered when evaluating the profitability of these two companies, especially in terms of Return on Total Equity? Short-term liquidity: How do the two companies compare in terms of liquidity? Does it appear as though either company will have difficulty in meeting short-term obligations? Long-term solvency: Consider the long term solvency of the two companies. Is this a cause for concern? - Overall, what is your assessment of the operating environment for the cosmetics business in Hong Kong and abroad? What are some additional points to consider when deciding how to pursue a strategy to work with companies in the cosmetics business in Hong Kong? 1. Using the financial ratio analysis and other pertinent data you were able to collect from Sasa and Shiseido. Write a brief summary of your evaluation of their performance and the prospects for investing in Asian cosmetics companies. Pay attention to the following details in particular: Profitability: How profitable is Sasa? How does Sasa compare with Shiseido? What additional factors must be considered when evaluating the profitability of these two companies, especially in terms of Return on Total Equity? Short-term liquidity: How do the two companies compare in terms of liquidity? Does it appear as though either company will have difficulty in meeting short-term obligations? Long-term solvency: Consider the long term solvency of the two companies. Is this a cause for concern? - Overall, what is your assessment of the operating environment for the cosmetics business in Hong Kong and abroad? What are some additional points to consider when deciding how to pursue a strategy to work with companies in the cosmetics business in Hong Kong